SK Telecom Co., Ltd. (NYSE:SKM) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,019 shares of the Wireless communications provider’s stock after buying an additional 773 shares during the quarter. GAMMA Investing LLC’s holdings in SK Telecom were worth $64,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SK Telecom in the third quarter valued at approximately $4,227,000. Robeco Institutional Asset Management B.V. raised its stake in shares of SK Telecom by 4.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after purchasing an additional 98,323 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of SK Telecom during the second quarter worth about $1,570,000. Meritage Portfolio Management raised its stake in shares of SK Telecom by 45.6% during the 3rd quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock worth $4,240,000 after buying an additional 55,877 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of SK Telecom by 37.5% in the 2nd quarter. Millennium Management LLC now owns 158,866 shares of the Wireless communications provider’s stock valued at $3,325,000 after buying an additional 43,327 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

SK Telecom Price Performance

Shares of NYSE SKM opened at $20.90 on Monday. The company’s 50-day moving average price is $22.21 and its 200 day moving average price is $22.51. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 2.11 and a beta of 0.80. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company has a current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.